Housing Prices

Housing Prices


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Housing Prices
Old 02-10-2010, 11:56 AM
eweissenbach's Avatar
eweissenbach eweissenbach is offline
Join Date: Dec 2009
Location: Smithville (Kansas City) Mo./ Megan Villas, Sanibel TV
Posts: 4,170
Default Housing Prices

Housing prices have dropped from their highs 2-3 years ago everywhere, some places more than others. I have looked at both new and pre-owned homes on both the villages website and Lyle Gant's website for the past month or so. It appears that a nice pre-owned 1200-1400 square foot home with a double garage can be purchased for about $150 to $180K right now.

My question is, how much have the pre-owned and also the new homes, fallen from the market highs in the Villages? Anyone have an educated guess?
Oldcoach Ed
"You cannot direct the wind, but you can adjust the sails" "Be yourself - everyone else is taken"

Last edited by eweissenbach; 02-10-2010 at 12:00 PM.

Old 02-11-2010, 11:47 AM
TomW TomW is offline
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Location: The Villages
Posts: 404

Several people here keep good records on TV home prices and I'll defer them for the precise numbers. Generally, things went down about 20% or so but that is very location and condition dependent. TV recently raised the price (knocked off the discounts) on new homes but I think the sales of those have been consistent at around 200-250 per month vs. 400+/mo in 2007. The last few weeks may show slightly better sales numbers due to the large number of life-style visitors in January. The few resales underpriced to the market go fast.
Tom W
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Old 02-11-2010, 01:15 PM
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bogart bogart is offline
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Posts: 138

Just wondering ............... and perhaps this has previously been discussed. If buying/selling a preowned home with Properties of The Villages, is the recommended listing price pretty firm, ie is there much room for negotiating? I realize that there are many factors that may enter but in general, are preowned homes sellng at the list price?
"It ain't what you lost ---- it's what you have left"
Old 02-11-2010, 01:28 PM
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BogeyBoy BogeyBoy is offline
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Location: Hemingway
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Depends on whether the tide is in or out.

Let's say you list your home for $200,000. Similar new homes are selling for about $200,000. The tide is in, all things equal you'll probably get close to your listed price. If you list your house for $240,00, you'll probably get still sell it at $200,000 or a little less because that's what the market will bear.

Suddenly TV new homes have a reduction in price to $185,000. The tide is out and so is your expectation of getting your list price of $200,000.

Housing prices are very localized and whether by design or not TV sales department sets the prices for new and resale homes in TV. (IMHO)
New York, California, Pennsylvania, Florida
Old 02-11-2010, 04:15 PM
TomW TomW is offline
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It is openly negotiated, i.e. offer-counter offer. I think we went back and forth 2-3 times before we agreed on a price for a listing by Properties of The Villages.
Tom W
Old 02-12-2010, 01:17 PM
RVRoadie RVRoadie is offline
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Join Date: Apr 2009
Location: Village of Hemmingway
Posts: 440

In my opinion the bottom of the TV housing market was last year. They had a lot of inventory on the market at substantial discounts. Now they have moved more towards a build to order sales structure and prices seem to be stable or rising slightly. The building rate seem to have slowed somewhat and there is a steady stream of new buyers. For the price range you are looking in, I would say that the market is very stable and not subject to the problems you see throughout the rest of Florida.

Remember, a recession here is when sales drop from 500 per month to 250 per month. Everywhere else in the country that would still be considered a building boom.
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